SPE Dividend

Is SPE a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

• !Yield is far above the marketAt 10.12%, the yield is more than three times the median of 2.92% across US dividend payers. A yield rises when a share price falls, so an unusually high figure often reflects what the market expects rather than what management has promised.
• !Paying out more than it earnsA payout ratio of 1.55 means the dividend exceeds reported earnings. That can be sustained for a while from cash reserves or borrowing, but not indefinitely.
• !Dividend has been cut 13 timesAcross 33 complete years, the annual total fell in 2016, 2019, 2023 and earlier. The most recent reduction was in 2023.
• ·Pays monthlyPayments arrive twelve times a year rather than the usual four, which suits income being drawn rather than reinvested.

SPE dividend history

Annual dividend per share, 1993 to 2025.

Recent dividend payments

SPE appears in

• Highest Dividend Stocks
• Largest Dividend Paying Companies
• Monthly Dividend Stocks
• Safest Dividend Stocks
• Dividend Stocks Under $50
• Bank & Financial Dividend Stocks

Other financial services dividend stocks

Closest to SPE on yield.

• GUTThe Gabelli Utility Trust10.17%
• CCDCalamos Dynamic Convertible and Income Fund10.17%
• CHYCalamos Convertible and High Income Fund10.05%
• ERCAllspring Multi-Sector Income Fund10.05%
• NMAINuveen Multi-Asset Income Fund10.02%
• NCZVirtus Convertible & Income Fund II10.02%
• MINAberdeen Intermediate Income Fund10.01%
• EVVEaton Vance Limited Duration Income Fund10.23%

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